Moldova Approves Strategy of Growth of Non-Banking Financial Market
OREANDA-NEWS. August 03, 2010. Prime Minister Vlad Filat chaired an ordinary cabinet meeting, the government's communications and press relations department has said.
At the beginning of the meeting, the prime minister referred to the issue of applying the stamp on passports of the citizens who cross the Moldova border.
The prime minister asked the Border Guards Service to urgently consider the possibility to cancel this procedure, which leads to costs for citizens and useless procedures for border guards.
Vlad Filat said that it is necessary to find a solution to this effect, given that the border guards have a vast database, which allow them learning when the traveler entered or left Moldova also without the concerned stamps.
At the meeting, the government approved a draft strategy of development of the non-banking financial market for 2010-2013.
The draft's authorities said that the strategy is aimed at turning the non-banking financial market into an efficient mechanism of attracting investments in the economy's real sector. The document says that the components of the non-banking financial markets are the stocks' and shares' market, insurances market, micro-financing sector, including the savings and loan association and the micro-financing organizations, as well the leasing companies, non-state pension funds, credit history bureaus.
The implementation of the strategy's priority actions will help create conditions for overcoming the impact of the financial crisis on the non-banking financial market and achieving progress indexes.
The necessary costs for carrying out the strategy amount to 34.45 million lei. The money is to be provided from the international partners' technical assistance, resources of professional participants in the non-banking financial market and means of the budget of the National Commission of Financial market - the regulatory authority in the field. No state budget spending is planned to implement the strategy.
The monitoring and assessment of the strategy's implementation will be made on the basis of the concerned indexes and the periods fixed in an action plan for the strategy's carrying out, which is part of the adopted decision.
The government also approved a draft law on activities of accreditation and assessing the compliance, which is meant to ensure the general framework, adjusted to the European requirements, of norms and principles on the accreditation of compliance assessment bodies, their activity, as well as the requirements of placing products on market.
The concerned draft will be aimed at meeting the needs of the business environment, and gives economic agents a greater flexibility to carry out procedures of assessing the goods' compliance, while removing a string of obstacles from the activity of compliance assessment bodies.
The government also approved a programme on the development market infrastructure for Moldovan agro-food products. The concerned project is meant to create an infrastructure of agro-food markets, and to foster the development of the value chain of Moldovan goods.
Thus, the programme sees the creation of a national-level agro-food centre, regional- and local-level agricultural markets, which will help create conditions for improving the goods' quality and safety. This will give an impetus to the export of farming goods with high added value. These will include refrigerating stores, modern trade platforms endowed with equipment for post-harvesting operations - sorting, washing, conditioning, packing, etc.
The government, though the agency of the Agriculture and Food Ministry, will ensure the foundation and launch of the agro-food centre's activity in Chisinau, and the creation of the regional and local agricultural markets through the Constructions and Regional Development Ministry and Local Public Administration.
The participants in the meeting also approved a decision which sees that the citizens from the flood-hit regions, who lost their civil state papers, will be exempted from the payment of the costs to re-establish these documents during a three-month period. The concerned papers could be got on the basis of IDs or a provisional ID issued by local public authorities.
At the same meeting, the government ruled to allocate 206,000 lei to give single financial aid to the people whose houses were flooded. As many as 412 people from the districts of Hincesti, Ungheni, Cantemir and Nisporeni will benefit from this assistance in all.
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